Since the early 2000s, Cherry Hill’s bustling complex Towne Place at Garden State Park has grown and evolved in the former Garden State Park racetrack and nothing, not even the pandemic, has stopped the ongoing project.
M&M Realty Partners envisioned a shopping center and residential development in the former racetrack site. The racetrack closed in 2001 and was demolished around 2004. The developers moved the development forward in phases over the next 17 years.
In 2020, Garden State Park opened TJ Maxx, HomeGoods, Trader Joe’s, and a Costco Wholesale store, and signed leases for Sugar Factory American Brasserie, Wild Fork Foods, a meat and seafood market, and Trinity Rehab.
In January, the company signed leases for national food chains Chopt Creative Salad Co., a salad and grain bowl eatery, and &pizza, known for its oblong-shaped pies. They also negotiated with several other tenants yet to be announced.
With the new cast of operators, there will be openings at the shopping center starting at the end of this year and into 2021. Among them is the much-anticipated is Sugar Factory, which announced in November it would replace Zinburger at the location in mid-2021.
The confectionery business is known for its extravagant sweets and goblet drinks that have attracted celebrities including Kendall and Kylie Jenner, Britney Spears and Drake. There are no updates on construction yet.
Cherry Hill will be one of 15 new Sugar Factory locations scheduled to open in the near future.
“We’re very, very excited,” Morris said.
Zinburger closed in March 2020 after the statewide indoor dining restrictions for restaurants were instituted to flatten the COVID-19 curve. The developers immediately reached out to several restaurants they had a relationship with, including Sugar Factory.
With more than a dozen locations across the country, the new restaurant will be the second in New Jersey; the first one is at the Hard Rock Hotel & Casino in Atlantic City.
The company added a location in Cherry Hill to expand into a more suburban area to satisfy a family-friendly demographic, representatives said.
“We are excited to introduce our high-energy, sweet restaurant and brand to the residents of Cherry Hill, New Jersey,” said Larry Rudolph, a partner at Sugar Factory. “From our colorful and vibrant dishes to our over-the-top desserts, every moment at Sugar Factory Cherry Hill will offer guests a memorable and Instagrammable experience from the minute they walk in to the minute they leave.”
For more information about this Cherry Hill retail space or about any other Cherry Hill commercial properties for sale or lease, please contact the team at Wolf Commercial Real Estate, a Cherry Hill commercial real estate broker at 856-857-6300.
Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Cherry Hill commercial real estate broker that provides a full range of Cherry Hill commercial real estate listings and services related to this retail space.
Wolf Commercial Real Estate also offers property management services, and marketing commercial offices, medical properties, warehouse properties, industrial properties, land properties, retail spaces, and other Cherry Hill commercial properties for buyers, tenants, investors, and sellers. Please visit our websites for a full listing of Cherry Hill commercial properties for lease or sale through our Cherry Hill commercial real estate brokerage firm.